EconomyVideoconference

Videoconference

[Videoconference] Role of Government and Politics in Economic Management

Type

Videoconference

Venue

KDI School, Seoul, Republic of Korea

Date

2014-07-25 ~ 2014-07-25

Host

KDI School of Public Policy and Management

Organizer

This event will be provided in English.

Role of Government and Politics in Economic Management

• Introduction

Knowledge sharing for sustainable development and global prosperity is one of the key motivations behind establishing the KDI School of Public Policy and Management. The KDI School understands the valuable role the GDLN can play as an effective tool for knowledge sharing and learning. As part of the designated GDLN Korean Center's knowledge exchange initiatives, the KDI School is launching blended learning programs that focus on Korea's successful development experiences.

Transitioning from an aid recipient to an OECD-DAC donor, Korea has achieved remarkable economic growth, democratization and social stability in less than half a century. With Korea's extraordinary development widely acknowledged and documented, Korea is in a unique position to share its experiences with emerging and developing countries as a means of furthering global development.

This course will be an opportunity for participants to stimulate critical thinking about development experience and to reflect on their respective economies as well.

• Learninig Objective

For economic development, the state including both government and politics should support the political ideology and the economic institutions and policies which help those who help themselves. industrial policy should also be discriminatory in that it supports the higher market performers rather than the weak performers. Main message is "Egalitarian economic institutions and policies are the sufficient condition for economic stagnation while economic discrimination is the necessary condition for development.", "egalitarian state is not development-friendly while economically discriminatory (based on the performances) state will be development-friendly.", "Growth and development policies should be based on the principle of economic discrimination while social policy may be based on the egalitarianism."